Tuesday, November 10, 2009

check it: Flip't on Prince of Petworth

This is last week's "news", but I've started a new feature on the blog Prince of Petworth called Flip't. It will chronicle the renovation and sale of a house I am flipping on U Street SE here in Historic Anacostia.

The first post got quite the response, with a lively discussion in the comments about gentrification and renovation. I'll point you in the direction of Prince of Petworth next time I update so you can get in on the ground floor. Until then, enjoy.Click Here to read the first edition of Flip't.

Hey David, as we are preparing plans for a Rivereast renovation ourselves we sure appreciate your love for the community and your willingness to try and catch a knife--having done a fair number of major rehabs I know the story all to well--nothing easy and particularly profitable about the business, especially when just starting out. I am particularly concerned that the Rivereast sales of bank owned property is seemingly offsetting the Housing Tax Credit/Low Interest rate stimulus--i.e. we have a bit more distance to the bottom!

However, all that being said, there is not another place I would buy/invest in a home in the US today than Rivereast.

Need Stucco? I hired Reggie Bullard, he did a great job at reasonable price on my CH Rowhouse rear addition. His website has tons of pictures of his jobs. http://www.rtbullard.com/http://www.stucconews.net/